Latest Figures Show New Home Sales Level in Wheeling From Last Year
Posted on: Jul 06, 2014 07:39:22 AM
New home closings in the Wheeling, WV market were unchanged year-over-year in March, staying flat after advancing year-over-year in February from the year earlier. New home closings moved from none a year earlier to none after the figure moved from none in February 2013 to 1 in February 2014. Closings remained level at none from a year earlier after the figure moved from none in February 2013 to 1 in February 2014.
Following a year-over-year increase in February, closings of new and existing homes dropped year-over-year in March.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in March, but did not look to be a burden on the market. Out of all existing home closings, foreclosures combined with REO closings made up 16.9% of closings, below 25.9% a year earlier. The percentage of existing home closings involving foreclosures declined to 7.7% in March from 13.6% a year earlier while REO closings as a percentage of existing home closings fell to 9.2% from 12.3% a year earlier.
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